Now I know I said I didn't want this blog to be all gloom and doom, and I'm making sure my own life isn't all gloom and doom too, but I had to point this one out. Sharon has an excellent post today about the latest numbers from the International Energy Agency , the people who make it their business to keep track of energy business. The numbers are bad . The Financial Times article, based on leaked information from the IEA , states that without some miracle new source of oil, or major investment in drilling current known sources, they expect oil production to decline at the rate of 9.1% annually from here on out. Here's the quote (and it's all I can get out of the link because I don't subscribe to FT): World will struggle to meet oil demand By Carola Hoyos and Javier Blas in London Published: October 28 2008 23:32 Last updated: October 28 2008 23:32 Output from the world’s oilfields is declining faster than previously thought, the first authoritative public ...
simple living at home